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Office Space Lease Agreement for Nigeria

Office Space Lease Agreement Template for Nigeria

A comprehensive legal document governed by Nigerian law that establishes the terms and conditions for leasing commercial office space. This agreement outlines the rights and obligations of both landlord and tenant, including rent payments, maintenance responsibilities, service charges, and usage restrictions. It incorporates relevant provisions from Nigerian property law, particularly the Land Use Act and state-specific tenancy laws, while addressing practical aspects of commercial property occupation such as fit-out works, utilities, and building services. The agreement provides legal protection for both parties while ensuring compliance with local regulations and commercial property practices.

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What is a Office Space Lease Agreement?

The Office Space Lease Agreement serves as a crucial legal instrument for commercial property transactions in Nigeria. It is essential when a business entity seeks to lease office space or when a property owner wishes to let commercial premises. The agreement must comply with Nigerian federal legislation, including the Land Use Act of 1978 and relevant state-specific tenancy laws. This document typically includes detailed provisions for rent, service charges, maintenance obligations, insurance requirements, and usage restrictions. It should be carefully drafted to protect both parties' interests while ensuring enforceability under Nigerian law. The agreement is particularly important in major commercial centers like Lagos, Abuja, and Port Harcourt, where office space leasing is prevalent and requires clear documentation of terms and conditions.

What sections should be included in a Office Space Lease Agreement?

1. Parties: Identification of the landlord and tenant, including full legal names, registration details for companies, and contact information

2. Background: Brief context of the agreement and property ownership status

3. Definitions: Definitions of key terms used throughout the agreement

4. Demise: Formal grant of lease and description of the leased premises

5. Term and Commencement: Duration of the lease and start date

6. Rent and Payment Terms: Rent amount, payment schedule, and payment methods

7. Service Charges: Details of additional charges for building services and maintenance

8. Security Deposit: Amount, terms, and conditions for the security deposit

9. Tenant's Covenants: Tenant's obligations including maintenance, use restrictions, and compliance with regulations

10. Landlord's Covenants: Landlord's obligations including building maintenance and services

11. Insurance: Required insurance coverage for both parties

12. Utilities and Services: Responsibilities for utilities and building services

13. Repairs and Maintenance: Detailed responsibilities for repairs and maintenance

14. Assignment and Subletting: Terms governing the transfer of lease rights

15. Termination: Conditions and procedures for lease termination

16. Default and Remedies: Consequences of breach and available remedies

17. Governing Law: Specification of Nigerian law as governing law

18. Notices: Process for formal communications between parties

19. Execution: Signature blocks and execution formalities

What sections are optional to include in a Office Space Lease Agreement?

1. Break Clause: Optional early termination provisions, included when parties want flexibility to end the lease early

2. Rent Review: Mechanism for periodic rent adjustments, included for longer-term leases

3. Force Majeure: Provisions for unforeseen circumstances, particularly relevant post-COVID

4. Fit-out Works: Terms for initial tenant improvements, included when premises require modification

5. Option to Renew: Terms for lease renewal, included when parties want to pre-agree extension possibilities

6. Environmental Provisions: Specific environmental obligations, included for properties with environmental sensitivities

7. Parking: Specific provisions for parking rights, included when parking is available

8. Signage Rights: Terms for external and internal signage, included for retail or prominent office spaces

9. Building Rules and Regulations: Specific building rules, included for multi-tenant buildings

What schedules should be included in a Office Space Lease Agreement?

1. Schedule 1 - Property Description: Detailed description of the leased premises including floor plans and measurements

2. Schedule 2 - Rent Payment Schedule: Detailed breakdown of rent payments and due dates

3. Schedule 3 - Service Charge Items: Itemized list of service charge components and calculations

4. Schedule 4 - Building Services: Description of services provided by the landlord

5. Schedule 5 - Fit-out Specifications: Technical specifications for any permitted tenant improvements

6. Schedule 6 - Condition Report: Initial condition of the premises with photographs

7. Schedule 7 - Building Rules: Detailed building rules and regulations

8. Appendix A - Plans: Floor plans and location maps

9. Appendix B - Certificates: Relevant certificates including building permits and safety certificates

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok成人版 | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents

Jurisdiction

Nigeria

Document Type

Rental Agreement

Cost

Free to use

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